Crypto Assets Under Management to Near $10 Billion by 2030

According to a recent study by Allied Market Research on the Global Crypto Asset Management Market, the crypto asset management market

Aiswarya Gopan•Thursday, August 19, 2021•1 min read

Crypto Assets Under Management to Near $10 Billion by 2030

According to a recent study by Allied Market Research on the Global Crypto Asset Management Market, the crypto asset management market worldwide could be worth nearly $10 billion by 2030. This would be a significant jump within a decade from 2020 when it stood at $0.67 billion, amounting to a CAGR of over 30%.

Although cryptocurrencies have been around for several years now, mainstream financial institutions were skeptical of entering the space, dismissing them as a fad. However, the COVID-19 pandemic forced several organizations across the banking and financial services to turn to blockchain and cryptos as a way to provide secure, scalable and cost effective way to conduct transactions.

Both new entrants as well as experienced traders prefer crypto assets due to the ease of trading them. In addition, a sustained growth in crypto asset management tools as well as cryptocurrency platforms is expected to offer more support to the uptick in interest among investors in this space.

Even after the pandemic eases, the demand for digitalization in the sector as well as across other organizations will continue to drive up the adoption of crypto-based technologies will increase investment in the sector and support the growth of crypto asset management.

However, one key factor that can challenge the rapid pace of growth is the lack of skilled professionals in the space. In addition, high implementation costs could also keep the crypto market from expanding significantly.

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ABOUT THE AUTHOR See More

Aiswarya Gopan

Financial Writer & Editor - Asia & Europe Desk

Aiswarya Gopan is a former cybersecurity analyst, tech journalist and market researcher, who joins FX Leaders with over three years of experience in the blockchain industry. Aiswarya's areas of focus include market news out of the Asian and European markets as well as news coverage on cryptocurrencies.